Nowadays many 26 years old buying houses.
Can see from application.
Earning big bucks as well.
The target subsale landed

This post has been edited by airline: Mar 24 2011, 05:28 PM

Properties nowadays no longer depended on genuine home buyers.
There are a few categories now

1. Genuine home buyer, buying for own stay.
2. As part of asset allocation, as FD rate is low nowadays, a lot of cash rich people and company, treat it as a place to park their extra money, investment etc.
3. Foreigners.
4. Speculators, flippers.

(1) may be lacking in the market now, but (2) & (3) is the reason that property price holding up which provide the supporting point. Couple with inflation that many people realise will eat into their cash, RE become a few sole route to protect their cash.


Here properties market is a bit strange one.
Properties price seldom plunge like stock price, but totally out of demand, aka you see properties being abandoned, idle, nobody interested, instead of price going down spirally.

this, i agree. holding vacant props as a form of saving has become more popular for sure. that's because there are few places to park savings with relatively low risk although return is not guaranteed. top it up with the constant threat of inflation, gst, etc. this actually speaks very poorly of the economic situation here. people with money are finding it hard to proctect their hard earned wealth. boring bursa, low fd rates and starting a biz is not easy these day which in turn is not helped by foreign money not coming in. so, it's all the gomen's doing.

the big question is how long this will last. hope not, but if some politics go very wrong and more local capital starts to fly away, we'll see if holding vacant props will make sense as a form of saving anymore.

all said, i do not think this "vacant prop as saving" is a major one. the bulk of the "support pointers" are speculators with overborrowed debts. i will watch changes in blr, ltv, rpgt and npls to gauge the behavior of this group.

yeah.. new grads coming out to work..
if there's alot of new grads with rich parents..
then they will buy..
if they dun have rich parent to support them..
how did they vomit out the $$ buying subsale from speculator,flipper, etc etc ??
like me T_T
buy new launch is muuch more cheaper than buying subsale [condo i mean.. < 2 years one]
new launch.. pay 10% only.. free snp, fee's etc etc
buy subsale.. pay 10% + RMxx,000 jacked up from speculator + berbagai bagai fee's..

if there is a genuine need to buy a house, ie for own stay, to park your cash, to hedge against inflation etc, then any time is a good time to buy because you are looking at long term.

if you intend to hold it for a few months or about 1-2 years then you are a flipper/speculator and you shd time your move to perfection.

Yes. That is the irony. We are like flies over a pile of dung. Nobody realise it's nothing but dung. But who cares? It's still food.

I&P is going to launch a new phase in Alam Impian this weekend and the pricing is at 650k for a double story house. The pricing for similar build-up at the same site was 590k when they launched it in 2 months ago......
Should we still hope that the price could come down in this kind of market?

Wow..another 10% hike in selling price for each phase.

lately developer likes to use this technique... price higher for each phase.. with that the early phase will be grabbed very fast..

developer is the ultimate winner

國行強調通膨和熱錢是經濟兩大隱憂，但經濟學家認為，預料國行維持升息步調，並讓馬幣持續有序趨強，不會過度干預。

國行認為，下半年經濟增速加快，可能令通膨壓力加大，預計全年通膨將介於3至3.5%，但基於經濟成長放緩局勢將延續，大馬研究預見短期利率上調可能性不大，料利率截至今年9月將維持2.75%水平。

“但是，今年經濟活動可能嚮往穩定利率環境，我們不排除國行在下半年上調利率25個基點。”

豐隆研究指出，國行在成長和通膨問題上，以經濟成長為優先考量，料將透過溫和調整利率方式管理通膨風險，全年利率僅上調25基點，其中7月升息機會最高，除非中東動亂和日本地震海嘯對經濟帶來影響而提前在5月升息。

“同時，國行嘗試向市場傳遞強勁馬幣未必是壞事的訊息，我們相信強勢馬幣趨勢將獲得經常賬盈餘龐大、利率和成長差異，以及中東短期資金流轉向大馬等回教國避險，預計馬幣兌美元今年將升值至2.95到3.05之間。”

但益資利研究認為，雖然國行透露“寬鬆程度可能需要進行調整”，卻對升息守口如瓶，但以現有2.75%隔夜政策利率（OPR）來看，可能在下半年邁入負利率時代，相信下半年將兩度升息25個基點，將利率升至3.25%。

達證券表示，基於良好經濟活動將支撐就業市場，相信全年勞工市場將延續“全面就業”榮景，2011年失業率維持在3至3.5%，料下半年通膨壓力將隨強勁內需升溫，預見國行將三度升息，將利率升至3.5%水平。

與此同時，聯昌研究指出，國行在未來6個月也可能再度調高法定儲備金率（SRR），從2%提高至4%，以積極管理游資過剩風險問題。1%的SRR可吸納游資70億令吉。

---

Added on March 25, 2011, 2:45 pmWoww......OPR will hike to 3.25 end of this year....prepare urself


Bank Negara may raise inflation forecast to 3pc-4pc

Credit Suisse says the new forecast would be around 3 per cent to 4 per cent, assuming the government hikes fuel prices two more times - in June and November


Bank Negara Malaysia may announce a higher inflation forecast for 2011 when it releases its latest annual report today.

Credit Suisse economist Wu Kun Lung said the new forecast would be around 3 per cent to 4 per cent, up from 1.7 per cent in 2010.

He expects the Consumer Price Index, the inflation barometer, to rise to 3 per cent by mid-2011 and hover between 3 per cent and 3.5 per cent in the second half of the year.

"This is assuming the government hikes fuel prices two more times - in June and November, by a similar magnitude as last year's hikes."

Bank Negara appeared to be more concerned about inflation in its monetary policy statement in March, noting that "the degree of monetary accommodation may be reviewed given the sustained growth in the economy and risks to inflation".

However, given industrial production and exports remain well below pre-crisis levels, he expects the central bank to only resume rate hikes in the second half of the year.

"We expect BNM to resume its rate hikes in the third quarter, but it could be earlier (in May) if the government hikes retail fuel prices in the first half amidst a strong pick-up in domestic growth."

Malaysian consumers are less affected by higher global commodity prices as fuel and essential food items are subsidised.

He expects the Overnight Policy Rate (OPR), now at 2.75 per cent, to be hiked to 3.25 per cent by the end of 2011 and 3.5 per cent by the end of 2012.

The statutory reserve requirement ratio, which was raised to 2 per cent in March, could also be incrased further.

Credit Suisse is keeping its 5.6 per cent economic expansion target for 2011.

Higher commodity prices should boost incomes for farmers and companies in the plantation and oil and gas sectors, which should in turn lead to increased consumption and investment.

A 10 per cent rise in palm oil prices would add about 0.3 percentage points to Malaysia's real gross domestic product (GDP) growth, while a 10 per cent rise in oil prices or rubber prices would add around 0.2 percentage points to growth.

"Although some commodity prices, namely palm oil and rubber, have softened in recent weeks, their prices remain well above the average in 2010. Barring a sharp drop, we think the overall impact on 2011 growth should remain positive."

The agricultural and mining sectors together accounted for about a quarter of Malaysia's GDP in 2010.



This post has been edited by 22222222: Mar 25 2011, 02:45 PM

whether prices is gonna come down or not, let's look at what's happening around us:
property that i could remember that was launched this year so far:
1. summer suites, sunrise
2. capers, ytl
3. KM1, berjaya
4. the Arc in cyberjaya, andaman
5. mirage by the lake, OSK
6. serin residency
7. fraser's suite
8. the place @ Cyberjaya
9. a bunch of projects on jalan puchong, okr
so far, not even a hint of it slowing down but instead, they are grabbing as if it's the last development on earth!
bubble or not, u decide lor.

according to many sifu here
no matter tsunami, earthquake, 70% LTV, GE, war, crude oil price surge...
nothing will make property price down but up up up

True.
"no matter tsunami, earthquake, 70% LTV, GE, war, crude oil price surge...
nothing will make property price down but up up up"

tomorrow property price will drop -- this is what i will say everyday! ^^ ---- before sleep !!

This post has been edited by wee1030: Mar 25 2011, 03:33 PM

come on wee1030
u say like that a lot of ppl will say u r hoping our boleh nation economy to go to drain.
lets pray together for property up up up
at least 40% per year
we need the investors or flippers to contribute to the grow of our belove nation.
lets pray hard.

+1.

our country's future depends on the investors/flippers.
pls dont let them fail
a lot of new grads need to rent houses from them.

Haha, maybe for u and me only few property not much impact, but for the speculators who have 20 ~ 50 units are different story.

eg.
Current
Laon amount 400k
interest : blr -2.3
tenure : 30
monthly : RM2444

When blr hike to 7, monthly 2677, different is around RM200

For you maybe 3 units only extra 600/month still can tahan, but for 30units is around 6000/month....u think they will tahan how long.

Normally, they will review their capability to cut down financial burden, they will start to sell the property below 5% to 20% below market price to let go their unit fast (eventually, they didn't lost in the property game, only less profit). So, because of lower price selling, u will c wat will call property correction/adjustment happen in the market.

What i mentioned "prepare urself" is not mean ask urs run away from property, is mean who are waiting the property to drop please prepare urself to buy lor. With the property 500k with -15% discount is a lot oh....

If Blr really hike on 7% end of this year.....next year is a good time for urs to grab ......

just 2 remimbi.

This post has been edited by 22222222: Mar 25 2011, 04:19 PM

yeah.....

meanwhile all we can do is sapu subsales units...

I think subsale units will hang around their current price, no rise no fall

oKAY...let's us awaiting for property prices' drop. also wait for food and beverage prices' drop. also wait for rental of rooms drop. Also for petrol prices' drop. also utility bills drop.